Form 4: NuScale Power Corp Executive Clayton Scott Reports Stock Transactions
SEC Form 4 Filing
Clayton Scott, Chief Commercial Officer of NuScale Power Corp, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units to cover tax obligations.
Summary
- On February 28, 2025, Clayton Scott, Chief Commercial Officer of NuScale Power Corp, reported transactions involving Class A Common Stock and Restricted Stock Units.
- Scott acquired 19,054 and 26,041 shares of Class A Common Stock through the vesting of Restricted Stock Units.
- He also disposed of 14,535 shares of Class A Common Stock at a price of $16.446 per share.
- These sales were to cover tax withholding obligations related to the vesting of restricted stock units.
- Scott was also granted 69,808 Restricted Stock Units on February 28, 2025, which vest annually in three equal installments beginning on February 28, 2026.
- Following these transactions, Scott beneficially owns 74,109 shares of Class A Common Stock and 69,808 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation practices and insider trading reporting, with no indication of unusual or concerning activity.
Future Outlook
The reporting person will continue to receive restricted stock units that vest annually.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- The 'sell to cover' transaction is a common practice to manage tax obligations associated with vesting equity.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The disclosure provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | Reporting person was granted 57,163 restricted stock units, vesting annually in three equal installments beginning on February 28, 2024. |
| 02/28/2024 | Reporting person was granted 78,125 restricted stock units, vesting annually in three equal installments beginning on February 28, 2025. |
| 02/28/2025 | Earliest transaction date; Restricted Stock Units vested and shares were acquired; 69,808 Restricted Stock Units were granted, vesting annually from February 28, 2026. |
| 03/03/2025 | Shares of Class A Common Stock were sold. |
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